Agronomics (LON:ANIC) Shares Down 3.5% - What's Next?

Agronomics Limited (LON:ANIC - Get Free Report)'s share price dropped 3.5% during trading on Friday . The company traded as low as GBX 6.80 ($0.09) and last traded at GBX 6.80 ($0.09). Approximately 1,500,093 shares traded hands during trading, a decline of 54% from the average daily volume of 3,279,312 shares. The stock had previously closed at GBX 7.05 ($0.10).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group decreased their price objective on Agronomics from GBX 16 ($0.22) to GBX 15.90 ($0.22) and set a "buy" rating on the stock in a research report on Monday, March 17th.

Agronomics Trading Down 3.5%

The stock has a 50-day moving average price of GBX 6.56 and a two-hundred day moving average price of GBX 5.74. The stock has a market cap of £67.52 million, a price-to-earnings ratio of -152.02 and a beta of 1.47.

Agronomics Company Profile

Agronomics is an AIM-listed investment company centered on the nascent fields of cellular agriculture, precision fermentation and synthetic biology. The Company invests in technologies that offer new ways of producing food and materials with a focus on products historically derived from animals. These technologies are driving a major disruption in agriculture, offering solutions to improve sustainability, as well as addressing human health, animal welfare and environmental damage.

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